Nike, Merck, General Motors, And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Liz Young of SoFi named The Energy Select Sector SPDR Fund XLE as her final trade.

Jim Lebenthal of Cerity Partners said General Motors Company GM is breaking out.

On April 23, General Motors reported fiscal first-quarter 2024 sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14.

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Jason Snipe of Odyssey Capital Advisors picked Merck & Co., Inc. MRK.

On June 3, Moderna and Merck announced the first presentation of results from a planned analysis from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study. The study is evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy (INT), in combination with Merck's Keytruda in patients with resected high-risk melanoma (stage III/IV) following complete resection (n=157).

Stephanie Link of Hightower named NIKE, Inc. NKE as her final trade.

Nike Inc reportedly reduced its workforce at its European headquarters as part of a multiyear effort to trim costs. The layoffs are part of a broader plan to save $2 billion globally.

Price Action:

• The Energy Select Sector SPDR Fund fell 0.4% during Friday's session.
• General Motors shares rose 0.5% to close at $45.72 during Friday's session.
• Merck shares rose 0.1% to settle at $130.67 during Friday's session.
• NIKE shares rose 0.9% to close at $96.55 on Friday.

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